Property
Norway — Property: Mortgage Availability
Norwegian mortgage rules cap total debt at five times annual income and loan-to-value at 90%, so at least 10% equity is needed.
VerifiedGovernment / official sourceFinanstilsynet — Residential mortgage lending regulationsLast reviewed: 2026-10-23
Why this matters
Understanding mortgage availability is crucial for purchasing a home in Norway, as it can significantly impact housing affordability and the overall relocation process.
Key facts
- A mortgage shall not be granted if the borrower total debt exceeds five times annual income.
- Income is personal income as defined for tax purposes.
- A Norges Bank report puts the maximum loan-to-value at 90% of home value, raised from 85%; this report is dated, so check the current regulation.
- In the 2023 to 2024 version, home equity credit lines were capped at 60% loan-to-value.
Steps
- Gather Necessary Documentation — Collect and organize documents such as proof of income, employment history, tax returns, and a credit report.
- Meet Financial Requirements — Ensure you meet the down payment and income requirements set by lenders.